Forex Bank Point Quotation As of Today HKD7.7774/84 HKD/USD 1 mth forward 32/34 6 mth forward Euro/USD BRL/USD 37/45 EURO.8472/525 BRL4.9659/722 a. U.S investor will receive interest income of HKD 750,000 from the investments in the Hong Kong bond market, in six months. What is the equivalent amount in US dollars if the investor enters into a forward contract? b. A Brazilian firm exports agricultural products to the U.S. worth BRL1.5 million. What is the equivalent amount in U.S. dollars that the U.S firm needs to pay? c. What is the 3-months Bid-Ask Spread on HKD/USD? d. Why is the Bid - Ask Spread of EUR lower than the Brazilian Real? 2. Use the following information to answer the questions: (4 points) American Terms Bid Ask Bank Quotation New Zealand Dollar Singapore Dollar 0.7272 0.7265 0.6135 a. Find the Singapore Dollar Ask rate, given the spread is 0.81%. b. Find the European terms Bid-Ask rate of New Zealand Dollars